Pegasus Asset Management Inc. Boosts Stock Position in Starbucks Corporation $SBUX

Pegasus Asset Management Inc. boosted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 74.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,527 shares of the coffee company’s stock after purchasing an additional 10,459 shares during the period. Pegasus Asset Management Inc.’s holdings in Starbucks were worth $2,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBUX. Norges Bank purchased a new position in shares of Starbucks during the second quarter valued at approximately $1,246,316,000. Corient Private Wealth LLC boosted its holdings in Starbucks by 146.6% in the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after acquiring an additional 3,596,014 shares in the last quarter. Invesco Ltd. increased its position in Starbucks by 11.2% during the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock valued at $1,169,011,000 after purchasing an additional 1,286,451 shares during the period. California Public Employees Retirement System raised its holdings in Starbucks by 68.0% in the 2nd quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock worth $277,439,000 after purchasing an additional 1,225,447 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Starbucks by 22.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock worth $511,202,000 after purchasing an additional 1,026,056 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Jorgen Vig Knudstorp bought 11,700 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $994,500.00. Following the completion of the transaction, the director owned 53,096 shares of the company’s stock, valued at approximately $4,513,160. This trade represents a 28.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Starbucks Stock Down 1.3%

NASDAQ:SBUX opened at $93.88 on Friday. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The stock has a market cap of $106.75 billion, a price-to-earnings ratio of 77.59, a PEG ratio of 1.98 and a beta of 0.97. The company’s 50 day moving average price is $87.96 and its 200-day moving average price is $87.17.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.03). The business had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.Starbucks’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, sell-side analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, February 13th. Starbucks’s dividend payout ratio is 151.22%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SBUX shares. UBS Group reiterated a “neutral” rating on shares of Starbucks in a research report on Friday. William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 22nd. Mizuho upped their target price on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday. Royal Bank Of Canada restated an “outperform” rating and issued a $105.00 target price on shares of Starbucks in a research note on Thursday. Finally, TD Cowen reaffirmed a “hold” rating on shares of Starbucks in a research note on Friday. Nineteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $104.26.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Q1 revenue and traffic beat — Starbucks reported $9.92B in revenue, global comparable-store sales rose ~4% with the U.S. posting its first transaction growth in two years, signalling early traction on the “Back to Starbucks” turnaround. Starbucks Gets a Jolt After Earnings, But Will the Buzz Last?
• Positive Sentiment: Rebuilt loyalty program — Starbucks will relaunch a three-tier U.S. Rewards structure (Green/Gold/Reserve) on March 10 to drive frequency and personalization; this is designed to increase visits and spend per member. Starbucks Unveils Reimagined Loyalty Program
• Positive Sentiment: Investor Day strategy — management outlined store redesigns, AI-driven customization, beverage innovation and plans to open new U.S. stores, supporting a long?term growth and digital engagement thesis. Starbucks Investor/Analyst Day Transcript
• Neutral Sentiment: Analyst reactions mixed — some firms (RBC/BTIG) reaffirmed bullish views and $105 price targets, while others remain cautious (UBS hold), reflecting differing views on execution risk vs. growth potential. Benzinga Analyst Notes
• Negative Sentiment: EPS miss and profitability pressure — EPS of $0.56 missed estimates (~$0.59) and margins remain pressured as the company prioritizes staffing, store experience and digital investments. Q1 2026 Earnings Call Highlights
• Negative Sentiment: Forward guidance and valuation — FY2026 EPS guide was modest and Starbucks updated FY2028 EPS to 3.350–4.000 (below some consensus points), while the stock trades at a premium multiple, leaving limited upside unless margins recover.
• Negative Sentiment: Governance/legal overhangs and optics — shareholder-law firms (Halper Sadeh, Johnson Fistel) have opened inquiries and the company drew negative attention for loosening limits on CEO aircraft use; these issues add short-term headline risk. Halper Sadeh LLC Notice

Starbucks Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.